Binance Wallet will implement the OpenEden (EDEN) Booster program starting from August 18 with a total reward issuance of 20 million EDEN Tokens.
Users who complete tasks, accumulating a minimum of 61 Binance Alpha Points will receive rewards from 2% of the total supply of EDEN. Tokens will be distributed according to the unlocking schedule and cannot be traded during this time.
MAIN CONTENT
The OpenEden Booster consists of three phases: participating in tasks, distributing Tokens, and receiving rewards.
The total reward is 20 million EDEN Tokens, equivalent to 2% of the total supply.
EDEN Token is used for governance, staking, and incentives in the OpenEden ecosystem.
What is the OpenEden Booster program and when does it take place?
The OpenEden Booster program from Binance Wallet starts on August 18, aiming to encourage users to participate through specific tasks. This is an opportunity for users to receive rewards by experiencing EDEN Token with clear limits on benefits.
Organizing into three phases helps tightly control the process of participation, distribution, and reward collection, while ensuring transparency when Tokens cannot be traded during the unlocking phase.
Who is eligible to receive rewards from this program?
Users must hold at least 61 Binance Alpha Points to participate in tasks and receive rewards. This is a filtering mechanism to ensure Tokens are distributed to an active community that is engaged with the ecosystem.
Requesting Binance Alpha Points helps improve the quality of participants and the ability to maintain the value of EDEN Token, as only those who make real contributions will receive the Token.
How is EDEN Token distributed and are there any restrictions?
EDEN Token is distributed according to the project's release schedule, with a total reward amount of 20 million Tokens, accounting for 2% of the total supply. During this period, Tokens cannot be traded to stabilize the market.
This issuance mechanism provides safety for holders and stabilizes the Token ecosystem, while also helping to protect the interests of investors against market fluctuations.
Binance Wallet is committed to ensuring transparency and fairness in the distribution of EDEN Token, creating a sustainable development environment for the user community.
Statement from Binance Wallet representative, August 2024
OpenEden and the role of EDEN Token in the ecosystem
OpenEden is a platform for digitizing real-world assets (RWA), and EDEN Token plays a central role in governance, staking, and incentives within the ecosystem.
As a result, EDEN holders not only participate in governance but also receive staking rewards and other incentivizing benefits, creating motivation for long-term participation and increasing interaction within the network.
Frequently Asked Questions
How long does the OpenEden Booster program last?
The program consists of three clear phases: participating in tasks, distributing Tokens, and receiving rewards, with the implementation timeline depending on the project’s release schedule.
Can EDEN Tokens be traded immediately after receipt?
Tokens will be locked during the unlocking phase, so they cannot be traded immediately, in order to protect the market and the interests of users.
How can I know if I am eligible to participate?
Users need to hold a minimum of 61 Binance Alpha Points to qualify for participating in tasks and receiving rewards.
What is EDEN Token used for?
EDEN Token is used for governance, receiving staking rewards, and incentives in the OpenEden ecosystem.
How does this program affect the value of EDEN Token?
Issuing Tokens according to the unlocking schedule and limiting recipients helps stabilize the value of EDEN, avoiding excessive volatility.
Source: https://tintucbitcoin.com/openeden-eden-ra-mat-airdrop-tu-binance/
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